Estonian govt considering granting temporary license to oil plant baltictimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from baltictimes.com Daily Mail and Mail on Sunday newspapers.
Eesti Energia wants to use money from the EU's green transition fund to convert part of its Baltic power plant (BPP) to burn waste wood products. This will reduce district heating prices in Narva and secure Estonia's electricity supply, it said.
According to Andres Vainola, head of Eesti Energia's subsidiary Enefit Power, which produces electricity from shale oil, the price set by the Competition Authority (Konkurentsiamet) for electricity as a universal service is too low and does not fully cover Enefit's production costs.
Electricity to domestic consumers with contracts with state-owned generator Eesti Energia will cost 19.24 cents per kilowatt-hour from October 1, the company says, following an announcement of the base price by the Competition Authority Friday morning.